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Unemployment, March 2012 March 9, 2012

Posted by geoff in News.

[2016 Ace readers: you can find more up-to-date employment charts here and Obama’s manufacturing and export fails here and here, respectively.]

Unemployment time again, but this time the report isn’t half-bad. Unemployment stayed the same at 8.3%, but a number of people came back into the labor force, and the number of unhappy part-timers dropped. Labor force participation went up (from 63.7% to 63.9%)!

There is a slight downside. Of the 227K jobs added, 20% were in restaurants and another 20% were temp jobs, so not the best signs of a recovering economy – but hey, better than being jobs lost.

Here’s the chart:

I expect things to slow down a bit over the next couple of months. Rising gas prices are going to hamper the economy (again), which could lead us to another Doldrum Summer.


1. Retired Geezer - March 9, 2012


*sends an IOU for an Adult Beverage, in Geoff’s general direction*

2. Chris B - April 6, 2012

So after all the stimulus money has been blown, Geithner revises the projection to what… make it easier to say unemployment is decreasing at a rate consistent with the stimulus plan?

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